Shares of online marketplace Etsy (NASDAQ:ETSY) jumped 5.1% in the afternoon session after the Bureau of Labor Statistics provided a revised inflation reading for December 2023, which came in lower than expected (+0.2% m/m versus the prior reading of +0.3%). This further supports the narrative that inflation is cooling, likely giving the Fed more reasons to start cutting rates in 2024.
Etsy Inc. NASDAQ: ETSY gapped higher in early February on news that Marc Steinberg, a partner at Elliott Investment Management, had taken a seat on the online…